Transparency Market Research: Military Radar Market Worth $9.4B by 2024

A new Transparency Market Research report predicts the global market for military radar platforms to grow to $9.36 billion by the end of 2024 at a compound annual growth rate of 2.4 percent.

TMR said Friday government investments in radar research and development efforts are likely to drive the worldwide military radar market.

According to a TMR analyst, the U.S., Germany, Russia, India and China are some of the countries that have made significant investments in military radar R&D efforts in response to terrorism, socio-political issues and civil unrest in the Middle East.

The report noted that Raytheon, Northrop Grumman and Lockheed Martin accounted for 35.4 percent of the market in 2015.

TMR market research also cited that wind turbines could pose a challenge to the implementation of military radar systems due to signal distortion issues.

You may also be interested in...


Immervision to Develop sUAS Wide-Angle Camera Under DIU Program

The Defense Innovation Unit has tapped Immervision to build a wide-angle computer vision camera for small unmanned aerial systems.


DHS Posts Night Vision Tech RFI to Aid S&T Market Survey

The Department of Homeland Security has issued a request for information to seek inputs from industry on night vision technologies in support of a market survey by the National Urban Security Technology Laboratory under the DHS Science and Technology Directorate.


Comtech Books $175M Contract for 911 Services in Pennsylvania

Comtech Telecommunications has secured a potential $175.1M contract to assist the Commonwealth of Pennsylvania in designing, implementing and operating 911 services across the state.